Dovish Fed, hawkish BOC
The Bank of Canada's decision to lift its benchmark rate by 25 basis points overnight came as no surprise to financial markets. This was telegraphed in late June by BOC chief Stephen Poloz when he commented that interest rate cuts "have done their job".

Read more: BOCBank of CanadaStephen PolozApril Monetary Policy ReportHouse Financial Services CommitteeUS Fed Chair Janet Yellen
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